Get all your news in one place.
100's of premium titles.
One app.
Start reading
Euronews
Euronews
Doloresz Katanich

Shock at Renault: Shares plunge as CEO reportedly departs to Gucci-owner Kering

Renault’s share prices had dropped by 6.9% by early afternoon in Paris, while Kering was traded 9.6% higher, as Luca de Meo, the Italian CEO of Renault Group, suddenly resigned from his post on Sunday. 

According to media reports, he will join the struggling Gucci-owner Kering as the global Luxury group’s new CEO. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.